Axcelis Technologies (NASDAQ:ACLS) Shares Down 6.4% – Time to Sell?

Axcelis Technologies, Inc. (NASDAQ:ACLS) was down 6.4% on Wednesday . The stock traded as low as $125.50 and last traded at $126.74. Approximately 72,082 shares changed hands during mid-day trading, a decline of 89% from the average session volume of 680,530 shares. The stock had previously closed at $135.39.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Weiss Ratings reiterated a “hold (c-)” rating on shares of Axcelis Technologies in a research note on Friday, August 7th. Craig Hallum lowered shares of Axcelis Technologies from a “buy” rating to a “hold” rating and set a $140.00 price target for the company. in a research report on Friday, August 7th. Finally, Bank of America increased their price objective on shares of Axcelis Technologies from $130.00 to $156.00 and gave the stock an “underperform” rating in a report on Tuesday, June 23rd. Three investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $132.20.

Axcelis Technologies Stock Performance

The firm has a market capitalization of $3.86 billion, a price-to-earnings ratio of 41.94, a P/E/G ratio of 3.86 and a beta of 1.92. The company has a 50-day moving average price of $148.39 and a 200-day moving average price of $127.39. The company has a quick ratio of 3.21, a current ratio of 4.90 and a debt-to-equity ratio of 0.04.

Axcelis Technologies (NASDAQ:ACLS) last posted its earnings results on Thursday, August 6th. The semiconductor company reported $1.06 EPS for the quarter, beating the consensus estimate of $0.89 by $0.17. The firm had revenue of $215.18 million for the quarter, compared to analysts’ expectations of $205.03 million. Axcelis Technologies had a return on equity of 11.69% and a net margin of 10.71%.The firm’s revenue was up 10.6% compared to the same quarter last year. During the same period last year, the firm earned $1.13 EPS. Axcelis Technologies has set its Q3 2026 guidance at 1.110-1.110 EPS. As a group, equities research analysts forecast that Axcelis Technologies, Inc. will post 3.39 earnings per share for the current year.

Insiders Place Their Bets

In related news, VP Todd Sutton sold 2,000 shares of the company’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $159.99, for a total value of $319,980.00. Following the completion of the sale, the vice president owned 6,360 shares of the company’s stock, valued at $1,017,536.40. This represents a 23.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Necip Sayiner sold 1,586 shares of the stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $157.44, for a total transaction of $249,699.84. Following the completion of the transaction, the director owned 7,112 shares of the company’s stock, valued at $1,119,713.28. This represents a 18.23% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.49% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Axcelis Technologies

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. REAP Financial Group LLC bought a new position in Axcelis Technologies during the fourth quarter valued at about $25,000. EverSource Wealth Advisors LLC grew its holdings in shares of Axcelis Technologies by 145.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 451 shares of the semiconductor company’s stock worth $31,000 after acquiring an additional 267 shares during the last quarter. Advisory Services Network LLC acquired a new position in shares of Axcelis Technologies in the 3rd quarter worth $32,000. Leonteq Securities AG acquired a new stake in shares of Axcelis Technologies during the fourth quarter worth $40,000. Finally, Clearstead Advisors LLC raised its position in shares of Axcelis Technologies by 197.1% during the fourth quarter. Clearstead Advisors LLC now owns 719 shares of the semiconductor company’s stock worth $58,000 after purchasing an additional 477 shares during the period. 89.98% of the stock is owned by institutional investors.

About Axcelis Technologies

Axcelis Technologies, Inc is a leading developer and manufacturer of ion implantation and cleaning equipment used in the fabrication of semiconductor chips. The company specializes in high-current, medium-current and high-energy ion implantation systems, which are critical for introducing precisely controlled dopants into silicon wafers. Axcelis also offers plasma-based cleaning and dry strip tools that support advanced process nodes in logic, memory and power device manufacturing.

The company’s product portfolio encompasses single-wafer and multi-wafer cluster tools designed to deliver high throughput, accuracy and uniformity for semiconductor process steps.